🔴 Release by URA Figures for PropNex Residential Q1 2022. Customise your own Infographics!
✨ In Q1 2022, both private residential and HDB resale flat prices posted slower growth in Q1 2022, as the impact of the new cooling measures – such as hikes in ABSD rates and tightening of the TDSR threshold – dampened sentiment and limited new launches and the seasonal lull reined in sales volumes. Private residential prices inched up by 0.7% QOQ, a slowdown from the previous quarter’s 5% QOQ. Developers sold 1,825 new private homes (ex. ECs) in Q1 2022, while 3,377 residential resale properties were transacted.
In Q1 2022, HDB resale prices continued to rise at a slower pace, increasing by 2.4% QOQ – this is the slowest quarterly growth since Q3 2020 where resale values climbed by 1.5% QOQ. Meanwhile, the HDB resale market sold 6,934 homes during the quarter, representing a 12.7% QOQ decline from the 7,940 flats transacted in Q4 2021.
Disclaimer:
PropNex Realty Pte Ltd or its salespersons will not be responsible for any errors or omissions or for the results obtained from the use of this information. All information is provided with no guarantee of accuracy. If in doubt, kindly seek appropriate advice from your financial advisors or bankers before you make any property investment decision.